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🗓️ 16 June 2024
⏱️ 15 minutes
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0:00.0 | Hello and this is the |
0:09.0 | Hello and welcome to a coffee house shop that's |
0:11.0 | spectator's daily politics broadcast. I'm I'm Isabel Hardman and this is the Sunday roundup. |
0:16.8 | On Sky News this morning, Shadow Health Secretary Wes Streeting suggested there could be greater spending |
0:21.9 | increases than have been promised in Labour's manifesto if the conditions allow. |
0:26.8 | But he did say Labour wouldn't make promises it can't keep. |
0:30.3 | Trevor Phillips argued that the manifesto does not amount to real change. |
0:34.0 | Back in 2010 3.3 million people paid high rate taxes. |
0:39.0 | By 2027 on current plans, which you've accepted accepted that number will be 8.7 million it's |
0:47.6 | estimated by the way by tax experts that that equates is something like a 3.5% rise in tax rate of tax. |
0:58.0 | Now you're not going to change the threshold, you've been clear about that. |
1:02.2 | So the statement that actually you're not |
1:04.7 | raising income tax is a con, isn't it? No, it is a reflection of the fact that the |
1:09.9 | public finances are in a state there are things |
1:12.8 | no it's a reflect on the fact that another five million people are going to go |
1:16.7 | into the higher tax bracket somebody who gets promoted who owns an extra four |
1:21.8 | five thousand pounds is suddenly going to find |
1:24.0 | instead of paying tax at the rate of 20-21 percent they'll be paying it at 40 percent |
1:31.0 | well we're not we're not comfortable about that. Rachel Reza says she |
1:35.4 | wants to reduce the burden on working people but it comes back to the |
1:38.2 | fundamental test of our manifesto. Everything in it has to be a promise we can keep and a promise the country can afford it. |
1:46.0 | Of course we would like to go further on so many fronts. |
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